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We're happy to know that you're prioritizing your family's future. Our life insurance expert will assist you in finding the best insurance plan. To schedule a call, please share some of the below details.

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Our Investment Outlook

Whether you are an individual or group customer, the first thing you want to know is how well IndiaFirst Life manages your money. At IndiaFirst Life, we strive to balance your portfolio and meet your investment expectations.

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Investments,
Creating a bigger impact

At IndiaFirst Life, we carefully select our investments, regularly monitor their performance, and take corrective action when necessary. We adhere to an institutional policy that aligns with the IRDAI regulations, mandated by the Board, overseen by the Investment Committee, and executed by our team.

Market Matters - April 2024

Indian equity market indices rose for third consecutive month led by both domestic and global cues. Indian fixed income markets saw the 10-year benchmark yields traded with a hardening bias. Indian rupee marginally depreciated vis-à-vis USD. 

 

Global equities were volatile on weaker than expected macro-economic data release. Muted US Q1 GDP print and hotter US inflation data sparked concerns that central bank monetary policy easing may not be as quick as previously anticipated. China’s Q1 GDP came in more than estimated, led by “high-tech” manufacturing as investment also gathered momentum supported largely by the state-owned enterprises. Consumption and property sector remained weak. Gold prices retreated from the highs whereas crude oil was volatile tracking events of Middle Eastern region. Domestically, RBI MPC kept the policy rates steady with an unchanged stance of “withdrawal of accommodation”. IMF and the World Bank both raised its FY25 India Real GDP forecast. IMD’s first long-range forecast has stated the South-West Monsoons are expected to be above normal. GST collections rose to a record. IIP growth accelerated with PMI remaining strong. Inflation retreated.  

 

Global economic growth seeing divergent growth trends as US economic growth remains relatively strong even as Eurozone and China have fallen short of expectations. US central bank policymakers have been cautious in their public statements off late, focusing on the need to be data dependent rather than preset any expectations on interest rates. BoE and ECB have also reiterated this stance. Falling developed market headline inflation rate and resilient GDP data has raised market hopes for a soft landing in the US. Armed conflict between Israel-Iran, Israel-Hamas and Red Sea hostilities have compounded global uncertainties even as Russia-Ukraine military conflict continues. Domestically, RBI has been in pause mode for last eight monetary policy meetings and maintained its stance on withdrawal of accommodation. Monsoon forecast and food inflation trends would be monitored. Relatively resilient domestic economy, stable governance and external balances and a stable rupee has restored much needed confidence among foreign investors.

 

In the near term, ongoing elections and corporate earnings season, monsoon estimates, inflation trend & key global central bank monetary policy actions, global bond yields, geopolitical tensions, trajectory of institutional flows, currency and commodity price movement would be monitored.  

 

Global macro and market volatility would remain high due to risks arising from elections, geopolitics, commodity price spike, continued high interest rates. Resilient global economy and the prospect of rate cuts in H2 could be supportive for the markets in the near term but the positives are increasingly getting priced in. Considering the sharp market rally and frothy valuations in few pockets, our stance is broadly conservative. Our approach remains stock specific with preference for quality companies that can navigate this turbulent macro environment with ability to maintain margins backed by a healthy balance sheet. Market corrections can provide opportunities to accumulate quality stocks. Strong external balance and rising forex reserves along with range bound crude oil prices and steady rupee are positives as it reduces external vulnerabilities. However, commodity price, emerging liquidity conditions and inflation trajectory along with foreign institutional flows need to be monitored. Considering these factors, there could be a rise in volatility amid range bound benchmark bond yield movement.

our-team

Dr. Poonam Tandon

Chief Investment Officer

Whether you are a retail or institutional customer, the first thing you want to know is how well we manage your money? Everyone has two basic expectations - Safety and Returns. Both are opposite goals, but we work hard to achieve both in a balanced way. Your money can be safe if –

  • We choose our investments carefully
  • Watch their performance regularly
  • Take corrective action when needed

 

We have an institutional policy within the regulations of IRDAI, which is mandated by the Board monitored by Investment Committee and delivered by the team. This is the framework in which we operate. This framework is tight as well as practical enough to allow room for judgmental exceptions which are not taken just by one individual but by the whole team involving the CEO, CFO, CIO and the Appointed Actuary.

Rest assured, Our Fund Managers will take utmost care of your returns.

about

Equity Investment Strategy

We invest in equity and exchange traded funds with the objective of providing sustainable long-term capital appreciation, while pursuing high growth opportunities. We own equity in companies in a wide range of industries, including banking and finance, information technology, manufacturing, telecommunications and others. As of March 31, 2022, 68.28% of our equity investments (including Bank Nifty Exchange-Traded Funds) were in companies forming part of the Nifty 50 Index and the rest of our equity investments were in companies forming part of the larger listed market.

Fixed Income Investment Strategy

Our fixed income portfolio majorly consists of government securities, debentures and bonds, and money market instruments. We aim to maintain a fixed income portfolio of high asset quality. As of March 31, 2022, 98.02% of our total fixed income portfolio comprised domestic AAA-rated instruments, including sovereign instruments, and as of June 30, 2022, 98.51% of our total fixed income portfolio comprised domestic AAA-rated instruments. All our money market instruments had sovereign/A1+ or equivalent rating as of March 31, 2022 and June 30, 2022. We have not had any defaults or delayed payments in our fixed income portfolio in the last three years.

orage

Meet Our Investment Team

 

Dr. Poonam Tandon
Chief Investment Officer

Dr. Poonam Tandon is the Chief Investment Officer of our Company. She holds a bachelor’s degree in commerce (honours) from the University of Delhi, a post graduate diploma in business management from the Xavier School of Management, Jamshedpur and a doctorate of philosophy in management studies from the Narsee Monjee Institute of Management Studies,Mumbai. She is a certified associate of the Indian Institute of Bankers. She joined our Company with effect from February 25,2010.Previously, she was associated with MetLife India Insurance Company Limited as chief manager (investments). She is inter alia responsible for overseeing the investment function in our Company.

 

Viraj M Nadkarni
Fund Manager - Equity

Viraj is a Company Secretary, MBA (Finance) from Symbiosis, Pune, and he also holds a Master’s degree in commerce from Pune University. He has more than 10 years of experience in the financial sector, mainly in equities. He has experience in analytics and understands equity market dynamics. Prior to this stint, he was with Angel Broking, Fortune Financials as a Senior Research Analyst. There he handled fundamental research on the institutional front and was involved in tracking multiple sectors. Here,

Viraj is the Fund Manager for Equity.

 

Sandeep Shirsat
Fund Manager - Fixed Income

Sandeep is a BCom graduate and qualified Cost accountant (ICWAI). He has worked in the fields of mutual funds, banking, PMS as well as insurance for over 22 years. In the past, he has worked with Multi-Act Equity Research (PMS), Matrix AMC, HSBC (Institutional Fund Services), and UTI AMC Pvt Ltd (UTI MF) . He has experience in Fund management - debt and balanced Funds, Treasury Management, Fund accounting, Investment Operations, Mutual Fund compliance and IT projects relating to Investment Functions as domain expert.
Today, he is a part of our company as a Fund Manager for Fixed Income. Today, he is a part of our company as a Fund Manager for Fixed Income.

This section will tell you more about the kind of funds that we invest your money in. Each fund has a different type of risk and return associated with it.
Read through this, it will help you understand and pick a Fund that suits your risk appetite best. As an existing customer, you may choose to shift from one Fund to another to optimise your returns. Always remember, take into account the market condition and changes in your risk profile before making these decisions.
Our way of valuing equity shares is as prescribed by Insurance and Regulatory Development Authority of India (IRDAI) through its circular number IRDA/F&I/INV/CIR/213/10/2013 dated October 30, 2013. It has mandated insurers to select either NSE or BSE as the primary and secondary exchange for valuation of its equity shares.

We have selected NSE as the primary and BSE as the secondary exchange. Accordingly, the equity shares held by us are valued at the closing price of NSE. In case a security is not listed or traded on NSE, we use the closing price of BSE.
Click on any of the links below to read more on different types of Funds we offer and why:

To generate a good level of income and prospects for capital growth through diversified investment in corporate debt instruments, government securities and money market investments.

Debt Fund Pension

SFIN No: ULIF003161109DEBTFUND00143

0-00%

Equity Composition

To provide high growth opportunities with an objective of long-term capital appreciation through investments primarily in equity and equity-related instruments.

Equity Fund

SFIN No: ULIF001161109EQUITYFUND143

80-100%

Equity Composition

To provide higher growth with reasonable security, by investing primarily in equity instruments and moderate allocation in debt securities/bonds.

Balanced Fund

SFIN No: ULIF005161109BALANCEDFN143

50-70%

Equity Composition

To generate a good level of income and prospects for capital growth through diversified investments in corporate debt instruments, government securities and money market investments.

Debt 1 Fund

SFIN No: ULIF010010910DEBTO1FUND143

0-00%

Equity Composition

To provide high growth opportunities with an objective of long-term capital appreciation through investments primarily in equity and equity-related instruments.

Value Fund

SFIN No: ULIF013010910VALUEFUND0143

70-100%

Equity Composition

To provide high growth opportunities with an objective of long-term capital appreciation through investments primarily in equity and equity-related instruments.

Index Tracker Fund

SFIN No: ULIF012010910INDTRAFUND143

90-100%

Equity Composition

To provide high growth opportunities with an objective of long-term capital appreciation through investments primarily in equity and equity-related instruments.

Equity 1 Fund

SFIN No: ULIF009010910EQUTY1FUND143

80-100%

Equity Composition

To provide long-term capital appreciation with relatively lower volatility by dynamically adjusting the capital allocation between equity and fixed income instruments.

Dynamic Asset Allocation Fund

SFIN No: ULIF012010910INDTRAFUND143

20-80%

Equity Composition

To provide higher growth with reasonable security, by investing primarily in equity instruments and moderate allocation in debt securities/bonds.

Balanced 1 Fund

SFIN No: ULIF011010910BALAN1FUND143

50-70%

Equity Composition

To provide growth opportunities with an objective of long term capital appreciation through investments primarily in equity and equity related instruments and an active management of asset allocation between Equity and Money Market instruments.

Equity Elite Opportunities Fund

SFIN No:

60-80%

Equity Composition

To generate a good level of income and prospects for capital growth through diversified investment in corporate debt instruments, government securities and money market investments.

Debt Fund - Pension

SFIN No: ULIF004161109DEBFUNDPEN143

0-00%

Equity Composition

To provide high growth opportunities with an objective of long-term capital appreciation through investments primarily in equity and equity-related instruments.

Equity Fund - Pension

SFIN No: ULIF002161109EQUFUNDPEN143

80-100%

Equity Composition

To provide higher growth with reasonable security, by investing primarily in equity instruments and moderate allocation in debt securities/bonds.

Balanced Fund - Pension

SFIN No: ULIF006161109BALFUNDPEN143

50-70%

Equity Composition

To provide capital protection with growth at short term interest rates while providing a high level of liquidity.

Liquid Fund - Pension

SFIN No: ULIF008161109LIQFUNDPEN143

0-00%

Equity Composition

Disclaimer

Linked Insurance Products are different from the traditional insurance products and are subject to risk factors. The Premium paid in unit-linked life insurance policies are subject to investment risks associated with capital markets and NAVs of the units may go up or down, based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. IndiaFirst Life Insurance Company Limited is only name of the Insurance Company and does not in any way indicate the quality of the contract, its future prospects, or returns.

Please know the associated risks and the applicable charges from your Insurance Agent or the Intermediary or policy document issued by the Insurance Company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Past performance may or may not be sustained in future and is not a guarantee of future performance. Some of the contents of this document may contain statements / estimates / expectations / predictions, which may be 'forward looking'.

The actual outcomes could differ materially from those expressed /implied in this document.These statements, do not intend to provide personal recommendation to any specific individual or any investment needs of an individual. The recommendations / statements / estimates / expectations / predictions are of general in nature and may not take into account the specific investment needs or risk appetite or financial situations of individual policyholder / clients. For more details on risk factors and terms and conditions, please read the sales brochure carefully before concluding the sale. Tax benefits are subject to changes in the tax laws.

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